MSG Explores Fuse Sale after Interest from BuyersAnalyst Estimates Music Network Couuld Fetch $200M-$300M 9/13/2013 12:39 PM Eastern
“Fuse is a unique and valuable asset with 73 million Nielsen subscribers and an expanding line up of original programming that targets a highly desirable demographic,” MSG said in a statement. “We have been approached by certain parties expressing interest in Fuse and have retained JP Morgan to explore all strategic alternatives. We will have no further comment on the matter.”
Analyst Michael Senno of Credit Suisse estimated that Fuse could carry a price tag of between $200 million and $300 million.
"Despite increased programming investments, we do not view Fuse as a strategic media asset given MSG Media's RSN portfolio, and the company's overall focus on sports content and live events,” Senno said.